HCI Group(NYSE) HCI

HCI Group, Inc. helps people protect their homes from damage. It provides insurance for homeowners and condominium owners in Florida. The company also builds technology to manage insurance claims and data.

What Does HCI Do?

• Insurance Operations: Residential coverage for homeowners, tenants, and fire and flood risks; recorded $287.2 million in gross premiums earned in the three-month period ended June 30, 2026.
• Reciprocal Exchange Operations: Management services for insurance groups owned by their policyholders; generated $35.6 million in gross premiums earned for the three-month period ended June 30, 2026.
• Exzeo Technology: Proprietary software platforms including policy administration and mapping tools for the property and casualty market.
• Real Estate: Development and management of investment properties such as retail centers and office buildings.

Growth and Expansion

• Launched an initial public offering for the Exzeo technology subsidiary in November 2025.
• Assumed policies from Citizens Property Insurance Corporation during the first and fourth quarters of 2025.
• Obtained a license for Fortex Reinsurance as a Cayman Islands insurer in March 2026.
• Completed an $80.0 million common stock repurchase program on July 17, 2026.

How HCI Stands Out

The company uses its own software to find profitable underwriting deals and process insurance claims faster. It also lowers its expenses by using an internal reinsurance company to manage storm risks.

Key Financial Data

• Gross premiums earned were $320.8 million for the three-month period ended June 30, 2026.
• Net income was $82.9 million for the three-month period ended June 30, 2026.
• Cash and cash equivalents were $872.3 million as of June 30, 2026.
• Policies in force reached approximately 290,100 as of June 30, 2026, compared to 270,100 as of June 30, 2025.

Evolution of the Business

HCI has shifted from a traditional regional insurer into a diversified holding company with significant technology and real estate arms. Its use of proprietary software and strategic policy assumptions supports its expansion beyond the Florida market.